Jan
20

Morning Thoughts

Charts and Coffee on January 20th, 2010 at 8:11 am Central Time

It appears that we have a mixed bag of earnings this morning. For bulls, a mixed bag is good. The news flow needs to be positive enough to support economic recovery, but not so strong that it calls for the Fed to mop up liquidity.
ES futures are currently down –6.75. I mentioned on January [...]

More on this topic (What's this?)
AIG Scandal: Fed as Chump or Fed as Crony? (naked capitalism, 1/28/10)
Update On The China Crash Scenario (Random Roger's Big Picture, 1/26/10)
On China’s Overinvestment (naked capitalism, 1/27/10)
Jim Chanos Is Wrong About Investing in China (Investment U, 3/3/10)
Read more on Investing in China, American International Group at Wikinvest

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Dec
29

AIG

Charts and Coffee on December 29th, 2009 at 10:44 am Central Time

I have added AIG at $31.40. I like the risk/reward profile and the technical picture generally. The double bottom on the 2-year chart is obvious from a technical perspective. Risk can be managed by using the recent low around $27 as a stop out.
As I mentioned with Citigroup, I like the idea of investing [...]

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AIG Comments
Sep
14

A Couple of Ideas: ZOOM and AIG

Charts and Coffee on September 14th, 2009 at 6:34 pm Central Time

I decided not to buy stocks on my watchlist on the dip this morning due to my overall view that SPY will encounter resistance in the $105-107 range.
I still was able to move the needle a little higher thanks to my long TBT trade. For now, I’m just watching and trading  select opportunities.

Kudos to [...]

More on this topic (What's this?)
Time to Short AIG? (Investment U, 8/31/09)
Another 430%+ Gain in AIG (Investment U, 8/28/09)
AIG’s New CEO has Investors Looking Up (Stock Trading To Go, 8/20/09)
Trade: AIG covered call (Geographic Independence, 9/30/09)
Read more on Zoom Technologies, American International Group at Wikinvest

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AIG, ZOOM Comments
Aug
27

Government Junk – Citigroup, AIG, Fannie, Freddie

Charts and Coffee on August 27th, 2009 at 6:23 pm Central Time

I mentioned earlier today that government owned companies have been rallying hard.
Let’s take a deeper look.

I mentioned last week that I bought C on the breakout above the $4.50 level. Today C closed above $5 for the first time since January.

I mentioned that I shorted AIG in the pre-market at about $41.50. Obviously not a [...]

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AIG, C, FNM, FRE Comments
Aug
27

Shorting AIG

Charts and Coffee on August 27th, 2009 at 5:42 am Central Time

I’m looking for some short exposure and I shorted AIG in the pre-market this morning at $41.45. Of course, right after my order executed this shot right up to $42. I’m using a stop just above $44.
This 10-11% move will put RSI on AIG above 80. I usually like a recipe of shorting a very [...]

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AIG Comments
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